Corporate tax rate increasing to 15% for some large firms in Ireland

DUBLIN, Ireland: Ireland is implementing its most significant corporate tax system overhaul in three decades, with hundreds of companies facing a 15 percent corporation tax rate.

This change follows Ireland's commitment to the Organisation for Economic Co-Operation and Development's (OECD) Pillar Two agreement, which introduces a new minimum effective tax rate for large multinationals.

Under this agreeme